Founders of Brazil’s Largest Ride-Hailing App Turn to Scooters

The scooter craze is coming to Brazil. Yellow Soluções de Mobilidade Ltda., a Brazilian bike- and scooter-sharing startup, raised $63 million as the company aims for expansion throughout Latin America.

The funding round was led by GGV Capital and included investors Monashees, Grishin Robotics and Base10 Partners. Yellow declined to disclose its valuation. The company said it plans to use the funding to expand throughout Brazil and Latin America, with business in Mexico at the top of its to-do list.
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